The solar and wind industries could benefit from a $6.4 trillion boom under the most ambitious of two scenarios described by Bloomberg New Energy Finance, and $2.4 trillion even in the business-as-usual outlook.
Amid high hopes for the European Commission presidency that is about to start, attendees at a recent event in Berlin tempered optimism by renewing calls for an industrial policy for the bloc.
Renewables investment may by hit by rising interest rates despite the falling cost of clean energy tech just as fossil fuels avoid the impact of rising base rates.
The EBRD has released a brief urging Western Balkan countries to both replace their aging lignite coal generation capacity with renewables, and to rethink their 18 GW plans for new coal capacity. While the region offers favorable conditions for various types of renewable generation, it has been slow on the uptake to date.
Analysts have released a report which examines multiple carbon pricing scenarios, and their effect on UK power bills, renewables and the carbon budget. The UK’s Carbon Price Support could be lowered in the autumn budget next week, putting the nation further off course on its carbon budget. A high CPS would foster renewables, without driving electricity bills up.
High-ranking officials from China and the EU have signed a joint statement to foster technological and political co-operation in clean energy. The regions will also develop emissions trading systems further, with officials seeing such schemes as a policy tool to foster innovation for a low-carbon economy.
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